Data:Bicycle export market analysis

From January to may 2020, the inquiry of the two wheeled vehicle industry (including bicycles, motorcycles and electric vehicles) increased by 65%, of which the bicycle increased by 171%!

Top 1 product: folding bike

Top 2 product: electric bicycle

Top 3 product: Motorcycle

Analysis of bicycle exporting countries:

The United States is the largest export destination of bicycles in China, with an export volume of US $2.677 billion in 2019, accounting for 26%;

Japan is the second largest export destination, with an export volume of US $2.005 billion, accounting for 19%;

The other three destination countries in the top 5 account for less than 5%, namely Indonesia, Russia and South Korea;

The remaining countries accounted for 44%;

Asia is the largest destination for China's bicycle exports, with Japan, South Korea and other East Asian countries as well as Indonesia, the Philippines and other Southeast Asian countries as the main countries, accounting for 46.87% of the total export volume;

As the second largest destination continent, America is dominated by the United States, Canada, Chile and other countries, accounting for 35.02% of the total export volume;

Europe accounted for 11.49%, the third largest destination continent, mainly Russia, the Netherlands and other countries;

The remaining Oceania and Africa accounted for less than 4%;

Among the top 3 destinations of all kinds of bicycles, the largest destination for competition, mountain and cross-country is the United States, and the export volume is far ahead of the second place, which shows that the United States is more keen on stimulating sports;

As the second largest destination country, Japan only accounts for the highest proportion of other bicycles. Compared with the United States, Japan seems to be more inclined to health and environmental protection;

Among the other three countries with top 5 total exports, Russia and South Korea are more inclined to sports, while Indonesia is more inclined to health and environmental protection.

Source: OCTG manufacturer